Last Thursday, HomeGain, one of the first companies to provide free instant home valuations online, released the national and regional results of our fourth quarter home prices survey of nearly 1000 HomeGain current and former members. The survey asked their opinions on home values and what they thought of President Obama’s performance as President so far. On the HomeGain real estate blog we published the full survey results, including Realtor commentary and charts. Also last week, we published the results of the fourth quarter Texas home prices, Florida home prices, New York home prices, New Jersey home prices, California home prices , Illinois home prices and Georgia home prices survey results.
Today we released the Pennsylvania home prices survey results.
We are also releasing the Colorado home prices survey results today.
Set forth below are the first, second, third and fourth quarter Colorado home values survey results with the national data in parenthesis: (click on each question to see complete results):
- Have home prices increased, decreased or stayed the same in the last year?
- On average, what do homeowners believe that their home is worth?
- How do buyers feel that homes for sale are priced?
- What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
- What is the average difference in price between what a home is listed at and what a home sells for?
- In the next six months, will the values of homes in your market increase, decrease or stay the same?
- What percentage of homes for sale are foreclosures in your area?
- What is the average home price in your area?
- What percentage of your clients are first-time buyers?
- How do you as a Realtor think Barack Obama is performing in his role as President?
Question 1:
Q4CO/Q3CO/Q2CO/Q1CO compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
Decreased: 69%/73%/74%/63% (77%/81%/84%/90%)
Stay the same: 25%/19%/5%/38% (15%/13%/12%/8%)
Increased: 6%/8%/5%/0% (7%/6%/3%/2%)
Question 2. On average, what do your homeowner clients believe that their home is worth?
Q4CO/Q3CO/Q2CO/Q1CO compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
1-9% higher: 50%/27%/5%/* (28%/25%/24%/*)
10-20% higher: 25%/23%/32%/25% (40%/38%/35%/45%)
At listing price you recommend: 19%/15%/16%/63% (9%/11%/10%/14%)
1-9% less: 6%/23%/16%/* (7%/7%/9%/*)
10-20% less: 0%/4%/5%/13% (5%/5%/8%/10%)
21-30% higher: 0%/8%/0%/0% (6%/8%/8%/14%)
21-30% less: 0%/0%/5%/* (2%/2%/3%/*)
More than 30% higher: 0%/0%/5%/0% (2%/3%/2%/4%)
More than 30% less: 0%/0%/0%/* (1%/1%/2%/1%)
Question 3. How do your home buyer clients feel that homes for sale are priced?
Q4CO/Q3CO/Q2CO/Q1CO compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
Overpriced by less than 10%: 50%/31%/42%/63% (32%/30%/29%/21%)
Overpriced by 10-20%: 25%/27%/16%/13% (28%/30%/30%/32%)
Fairly priced: 13%/23%/11%/13% (21%/20%/19%/18%)
Overpriced by 21%+: 6%/4%/0%/0% (3%/4%/4%/10%)
Underpriced by less than 10%: 6%/8%/0%/13% (5%/5%/5%/5%)
Underpriced by 10-20%: 0%/4%/5%/0% (7%/8%/8%/14%)
Underpriced by 21-30%: 0%/4%/11%/0% (3%/2%/1%/2%)
Underpriced by 31%+: 0%/0%/0%/0% (1%/1%/1%/2%)
Question 4. What is the average difference in price between what sellers believe their home to be worth and the amount at which you eventually list the house?
Q4CO/Q3CO/Q2CO compared to (Q4NAT/Q3NAT/Q2NAT)
Less than 5-10%: 50%/65%/16% (48%/43%/43%)
Less than 11-20%: 19%/15%/26% (23%/24%/23%)
Little or no difference in price: 19%/4%/16% (9%/12%/8%)
Greater than 11-20%: 6%/15%/5% (5%/5%/7%)
Greater than 5-10%: 6%/0%/11% (8%/9%/10%)
Greater than 21%: 0%/0%/5% 3%/3%/3%)
Less than 21-30%: 0%/0%/5% (4%/4%/5%)
Question 5. What is the average difference in price between what the home is listed at and what the home sells for?
Q4CO/Q3CO/Q2CO compared to (Q4NAT/Q3NAT/Q2NAT)
Less than 5-10%: 75%/50%/0% (56%/54%/53%)
Less than 11-20%: 19%/15%/0% (23%/24%/27%)
Greater than 5-10%: 6%/0%/5% (6%/5%/5%)
Greater than 11-20%: 0%/4%/5% (3%/4%/4%)
Greater than 21%: 0%/4%/5% (2%/2%/2%)
Less than 21-30%: 0%/0%/0% (3%/3%/4%)
Little or no difference: 0%/27%/0% (7%/8%/5%)
Question 6:
Q4CO/Q3CO/Q2CO compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
Stay the Same: 38%/54%/58% (48%/46%/49%/36%)
Decrease: 37%/19%/26% (28%/31%/29%/53%)
Increase: 25%/27%/0% (24%/23%/22%/11%)
Question 7. What percent of homes for sale in your area are foreclosures?
Q4CO/Q3CO/Q2CO compared to (Q4NAT/Q3NAT/Q2NAT)
10-20%: 31%/35%/16% (29%/27%/15%/26%)
Less than 10%: 31%/42%/37% (37%/36%/26%/37%)
21-30%: 25%/23%/11% (19%/17%/12%/16%)
31-50%: 13%/0%/16% (9%/13%/7%/15%)
51-75%: 0%/0%/5% (4%/5%/3%/5%)
Question 8. What is the average home price in your area?
Q4CO/Q3CO/Q2CO compared to (Q4NAT/Q3NAT/Q2NAT)
$151k-$300k: 50%/50%/32% (55%/52%/56%/59%)
$301k-$500k: 31%/31%/26% (18%/21%/20%/21%)
$501-$800k: 13%/15%/11% (6%/7%/5%/6%)
Less than $150k: 6%/0%/16% (18%/18%/16%/11%)
$801k+: 0%/4%/0% (3%/2%/3%/2%)
Question 9:
Q4CO compared to (Q4NAT)
11-20%: 31% (14%)
1-10%: 19% (25%)
41-50%: 13% (9%)
None: 13% (11%)
51%+: 12% (21%)
21-30%: 12% (11%)
31-40%: 0% (9%)
Question 10:
Q4CO/Q3CO/Q2CO compared to (Q4NAT/Q3NAT/Q2NAT)
Strongly disapprove: 50%/46%/16% (38%/40%/24%)
Strongly approve: 19%/12%/16% (18%/20%/26%)
Somewhat disapprove: 18%/12%/16% (18%/19%/19%)
Somewhat approve: 13%/31%/32% (26%/21%/31%)
See National and Regional Survey Results
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Denver home prices Colorado Springs home prices Aurora home prices Lakewood home prices Fort Collins home prices Arvada home prices Pueblo home prices Westminster home prices Boulder home prices Thornton home prices Greeley home prices Longmont home prices Highlands Ranch home prices Loveland home prices Parker home prices Find Denver homes for sale Search Denver real estate Find Colorado Springs homes for sale Search Colorado Springs real estate Find Colorado homes for sale Search Colorado real estate Find U.S. homes for sale and search U.S. real estate HomeGain real estate home values survey results are based on responses of over 1,150 Realtors in the United States. State survey results for Q2 are available for the following states :HomeGain real estate home values survey results are based on responses of over 1,150 Realtors in the United States. State survey results for Q2 are available for the following states: Texas home prices survey, Florida home prices survey, California home prices survey, New York home prices survey, New Jersey home prices survey, Georgia home prices survey, Arizona home prices survey, North Carolina home prices survey, Virginia home prices survey , Massachusetts home prices survey ,Washington home prices survey
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